Mortgage Credit Analyst jobs in New York
Mortgage Credit Analyst assesses the risk and creditworthiness of loan applicants and recommends loan approval, terms, or application denial. Gathers necessary credit, income, and tax information to conduct financial assessments. Being a Mortgage Credit Analyst reviews and verifies property appraisals, collateral value, and key indicators such as debt-to-income and loan-to-value ratios. Prepares a detailed credit analysis and summary using underwriting guidelines, risk assessment frameworks, and following applicable regulatory compliance. Additionally, Mortgage Credit Analyst may require a bachelor's degree. Typically reports to a manager. The Mortgage Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Mortgage Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Mortgage Credit Analyst jobs
Commercial Credit Analyst I (On-Site)
- Heritage Financial Credit Union
-
Middletown, NY
FULL_TIME
-
Description
COME GROW WITH US!
We recently opened 2 new branches and are looking for talented and motivated individuals to join our team.
Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams.
Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed.
Our values are at the heart of everything we do. We believe in:- Integrity: We are honest and trustworthy in all of our dealings with our members, employees, and the community.
- Excellence: We strive to provide our members with the best possible service.
- Teamwork: We believe that we can achieve more together than we can alone.
- Respect: We treat each other with dignity and respect.
- Community: We are committed to giving back to the communities we serve.
Position Description
Position Title: Commercial Credit Analyst I
Department: Commercial Lending
Classification: Non-Exempt
Salary Range: $29.30 - $38.46 per hour
REPORTING RELATIONSHIPS
Position reports to: AVP of Commercial Lending
Positions Supervised: N/A
POSITION PURPOSE
This on-site position is responsible to perform detailed financial analysis for all lending opportunities, prepare credit memos and other requests for presentation to loan committee. Perform annual credit reviews, ensure compliance with Credit Union’s policies and procedures, ensures timely collection and spreading of financial statements along with updated insurance binders provided by Borrowers.
Essential Functions And Responsibilities- Review business loan applications and supporting financial statements to determine the borrowing capacity, capitalization and cash flow dynamics for the applicant. Use analytical software to evaluate loan requests; performing the initial analysis required to complete all data fields, interpreting the results, including any externally derived credit scores, and determining the need for further investigation or analysis.
- Spread financial statements, calculating certain ratios, including measures of liquidity, leverage and cash flow, and submitting the request to the appropriate approval channel. Prepare the credit memorandum, as well as any other reports necessary, along with the appropriate recommendation for review by the appropriate loan committee.
- Attend Credit Loan Committee meetings, presenting summary information and participating in discussions on other loans being considered.
- Perform periodic reviews and/or renewals of commercial relationships and verify risk ratings
- Perform annual reviews on the commercial loan portfolio pursuant to the credit union guidelines.
- Performs other duties as assigned.
Education/Certification: 4 year college degree preferred plus 1 - 3 years’ underwriting experience, preferably dealing with commercial/business loans. Customer experience required.
Required knowledge: Basic accounting and/or business finance understanding and general economic conditions and competitor’s rates and terms etc. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work, the employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance.
Experience Required: Experience using P.C. based software including Microsoft Office and lending systems etc.
Skills/Abilities: Ability to project a professional appearance and positive attitude at all times.
Excellent project management, communication and analytical skills. Bilingual a plus.
Equal Opportunity Statement
Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status. - 4 Days Ago
Mortgage Underwriter
- Suffolk Federal Credit Union
-
Medford, NY
FULL_TIME
- As a leader in the industry, Suffolk Credit Union is about more than just banking. We are about empowering people. As a Mortgage Underwriter you will be responsible for reviewing residential mortgage ...
- Just Posted
Mortgage Underwriter
- Suffolk Credit Union
-
Medford, NY
FULL_TIME
- As a leader in the industry, Suffolk Credit Union is about more than just banking. We are about empowering people. As a Mortgage Underwriter you will be responsible for reviewing residential mortgage ...
- 2 Months Ago
Mortgage Loan Officer (Mortgage Sales)
- AmeriCU Credit Union
-
Ithaca, NY
FULL_TIME
- Mortgage Loan Officer - Mortgage Sales Sign on Bonus! Location: Ithaca, NY and surrounding areas Base Rate compensation structure: First 90 days: $25.00/hour Next 30 days: $20.00/hour Thereafter: $15....
- 3 Days Ago
Mortgage Loan Officer
- Municipal Credit Union
-
Elmont, NY
FULL_TIME
- About MCU:At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For mor...
- 10 Days Ago
Outside Mortgage Loan Officer
- Bethpage Federal Credit Union
-
Bethpage, NY
FULL_TIME
- Bethpage has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business and they were all created with a uniq...
- 14 Days Ago
Mortgage Credit Analyst jobs at Popular Companies
Bank Examiner - Hybrid (Open for Relocating Candidates)
- Comrise
-
Irving, TX
- Credit Risk Analyst/Bank Examiner Hybrid - 3 days office, 2 days remote Open for Relocating Candidates - can provide rel...
- 6/11/2024 12:00:00 AM
IT Funding Analyst
- StevenDouglas
-
Miami, FL
- Do you have incredible attention to detail? Are you looking to enter the Finance Sector? We have immediate opportunities...
- 6/11/2024 12:00:00 AM
Remote Sales Job Work From Home No Cold Calling
- Symmetry
-
Elmendorf, TX
- Remote Sales Job Work From Home No Cold Calling Must be authorized to work in the US, no work visas offered at this time...
- 6/11/2024 12:00:00 AM
Analyst, Epic Configuration
- Acrisure
-
Grand Rapids, MI
- Job Title: Analyst, Epic Configuration Department: Information Technology - Agency Broker Applications Location: Remote ...
- 6/11/2024 12:00:00 AM
Quantitative Analyst - Model Validation (IV&V)
- NuvoLogic Consulting
-
Washington, DC
- NuvoLogic Consulting is a management consulting company in the Northern Virginia area. We engage with public and private...
- 6/11/2024 12:00:00 AM
Wealth Relationship Manager (Hybrid)
- Citigroup
-
San Antonio, TX
- The Wealth Relationship Mgmt. Sr. Analyst SAFE Act is a seasoned professional role. Applies in-depth disciplinary knowle...
- 6/11/2024 12:00:00 AM
Quantitative Risk Analyst
- Angel Oak
-
Atlanta, GA
- Who We Are: Angel Oak Companies is a diversified financial services company specializing in asset management and non-age...
- 6/11/2024 12:00:00 AM
VP Commercial Underwriting - Affordable Housing
- Western Alliance Bancorporation
-
Phoenix, AZ
- Job Title: VP Commercial Underwriting - Affordable Housing Location: CityScape What you'll do: The VP- Commercial Underw...
- 6/11/2024 12:00:00 AM
About New York
New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States.
New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean.
In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Mortgage Credit Analyst jobs
$56,032 to $80,038
Most Popular Cities in New York for Mortgage Credit Analyst Jobs
What does a Mortgage Credit Analyst do?
Mortgage Credit Analyst in Lancaster, PA
Provide analytical support to residential mortgage loan trading and management team.
January 17, 2020
Mortgage Credit Analyst in Shreveport, LA
Become an expert on our internal credit and cash flow models.
January 27, 2020
Mortgage Credit Analyst in Brownsville, TX
The Mortgage Credit Analyst will work with loan officers, underwriters, closers, borrowers and referral sources to obtain accurate and timely loan information.
December 30, 2019